ICBA and a group of community bankers met with the Uniform Commercial Code's Permanent Editorial Board at a national stakeholders' meeting to advocate changes to state law to better address check and wire fraud.
Background: The Permanent Editorial Board is the body responsible for maintaining and updating the UCC. Over the past year, ICBA worked closely with state and national UCC committees to highlight the impact of check and wire fraud on community banks, which led to a presentation to the Editorial Board last year and Thursday’s stakeholder meeting.
ICBA Advocacy: ICBA in March applauded the Trump administration for working to combat the threat of check fraud by addressing the Treasury Department’s use of paper checks.
Check Fraud Partnership: ICBA’s partnership with the Postal Inspection Service includes a customizable news release via ICBA’s Marketing Resource Center.
Additional ICBA Resources: The ICBA website features additional community banker resources on fraud and scams, including ICBA’s guides on check fraud and online fraud courses. Meanwhile, the Fraud subgroup on ICBA Community includes more than 900 members dedicated to discussing fraud.